Why Did Grayscale Withdraw Its ADA, HBAR, and DOT ETF Filings?
Key Insights:
- Grayscale ETF withdrawals end the current ADA, HBAR, and DOT fund plans.
- Grayscale says it will not proceed with the planned share distributions.
- ADA, HBAR, and DOT decline about 2% following the Aug. 7 filings.
Grayscale withdrew registration statements for three proposed altcoin funds on Aug. 7, 2026, ending its current Cardano, Hedera, and Polkadot plans. Each Grayscale ETF filing used Form RW and cited Rule 477 under the Securities Act of 1933. The filings say the sponsor will not proceed with the planned share distributions.
ADA, HBAR, and DOT fell about 2% as traders assessed the coordinated withdrawals. However, the documents do not identify demand, regulation, or economics as the reason. They also show no SEC rejection, since Grayscale voluntarily ended registrations that never became effective. Grayscale issued, sold, or distributed no shares under the related prospectuses.
Grayscale ETF Withdrawals End Three Registration Plans
The SEC accepted the Cardano, Hedera, and Polkadot requests within 190 seconds on Friday. EDGAR accepted Cardano at 4:33:37 p.m. ET, followed by Hedera at 4:34:55 and Polkadot at 4:36:47.
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